Loft-Style Creative
For Sale
$595,000
201 East Las Animas Street suite 109, Colorado Springs, CO 80903
PDZ-zoned commercial condo with a professional layout and flexible creative, office, or service-oriented use potential.
Property Size2,058 SF
Price / SF$289.12
Days on Market52
Property Features for 201 East Las Animas Street suite 109
General Information
Standard status
Active
Size
2,058 SF
Property subtype
Office
Zoning
PDZ
Additional Details
Public Transit
Yes
Building Details
Year Built
2001
Construction
loft-style
Tenancy
Single
Listing Agency:
Hoff & Leigh
(719) 630-2277
Listed By:
Holly Trinidad · License #ER.100022369
(719) 337-0999
Source:
Hoffleigh
Added: Aug 20
Changed: Sep 9
Last Checked: Oct 9 at 4:10PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Hoff & Leigh
Investment Insights
Based on property information with market context.
Suite 109 is a 2,058-square-foot commercial condominium within Poet Lofts, configured for professional office use. The space combines a contemporary loft character with an organized workplace layout and may accommodate creative, professional, or service-oriented businesses. The property was built in 2001 and carries PDZ zoning.
Located in Downtown Colorado Springs, the suite is one block from the South Tejon Street corridor. Restaurants, retail, entertainment, public transportation, and major transportation routes are accessible from the property, providing an urban setting for an owner-user seeking an alternative to conventional office space.
Located in Downtown Colorado Springs, the suite is one block from the South Tejon Street corridor. Restaurants, retail, entertainment, public transportation, and major transportation routes are accessible from the property, providing an urban setting for an owner-user seeking an alternative to conventional office space.
Key Highlights
- 2,058 SF commercial condominium
- Creative space within Poet Lofts
- PDZ zoning supports the existing commercial classification
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,258
Cap Rate
3.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$405,160
$405.2K
Cap Rate 7%
$289,400
$289.4K
Cap Rate 9%
$225,089
$225.1K
Market Conditions
NOI Build-Up for 2,058 SF
Gross rent
$30.9K $15.00/SF
− Vacancy
−$3.9K −$1.88/SF
EGI
$27.0K $13.13/SF
− OpEx
−$6.8K −$3.28/SF
NOI
$20.3K $9.84/SF
Area
Colorado Springs, CO
Vacancy
12.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$405,160
Cap Rate 7%
$289,400
Cap Rate 9%
$225,089
Alternative Uses
Best Use
Office B
$289.4K
$253.2K – $337.6K
NOI $20,258 @ 7.0% cap · market cap 3.40%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$406.4K
$355.6K – $474.2K
NOI $28,450 @ 7.0% cap · market cap 4.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,665
Businesses Nearby
Explore this area
Business Placement
Demographics for 80903, CO
15,944
Population
8,340
Households
1.9
Avg Household Size
34
Median Age
39%
College-Educated
95%
High-School Grad
5.4 sq mi
ZIP Area
2,953
Density / Sq Mi
$59,292
Median Household Income
$35,251
Median Earnings
$1,221
Median Rent
$420,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Colorado Springs, CO
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Creative space - PDZ-zoned commercial condo with a professional layout and flexible creative, office, or service-oriented use potential.
Where is this creative space located?
The property is located at 201 East Las Animas Street suite 109 Colorado Springs, CO.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: 2,058 SF commercial condominium; Creative space within Poet Lofts; PDZ zoning supports the existing commercial classification
